Legal Question in Employment Law in Florida

401k withdrawal

Can an employer 401k plan prohibit witdrawal to roll-over into a bank IRA if one is unhappy with the employer Plan? Employer does not contribute, the fund comes totally from employee deduction. Was told the only way to get out of the plan was to be terminated.


Asked on 9/09/08, 7:21 pm

1 Answer from Attorneys
William Gwaltney William W. Gwaltney, Attorneys at Law

Re: 401k withdrawal

Yes

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Answered on 9/09/08, 10:41 pm


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